Who is the subject of the formulation and revision of the articles of association of a wholly state-owned company or a state-owned holding company?

The articles of association of a wholly state-owned company and a state-holding company shall be formulated by shareholders * * *; The shareholders' meeting is responsible for the revision of the articles of association of wholly state-owned companies and state-owned holding companies.

The board of directors of a wholly state-owned company or a state-holding company shall, in accordance with laws, administrative regulations and the actual situation of the company, formulate amendments to the articles of association in a timely manner, communicate with the investor institutions, and report them to the shareholders' meeting for deliberation.